Stories for September 4th 2019

Wednesday, September 4th 2019 - 09:58 UTC
Signs of budding of financial stability in Argentina: Peso stronger and country risk falls

Argentina's peso surged on Tuesday, pumped up by Wall Street traders cheering President Mauricio Macri's capital controls that are aimed at protecting the beleaguered currency. The peso closed 5.39% higher at 55.98 per U.S. dollar, traders said, its strongest level in a week after a near-record low close on Friday.
Wednesday, September 4th 2019 - 09:49 UTC
Venezuelan military exercises along the Colombian border

Venezuelan President Nicolas Maduro on Tuesday ordered the armed forces to be on alert for a potential attack by Colombia's government and announced military exercises on the border amid the rearmament of a group of former guerrilla commanders.
Wednesday, September 4th 2019 - 09:45 UTC
Johnson will expel 21 Tory MPs who voted with the opposition

All 21 lawmakers from the ruling Conservative Party who voted against the government to back a motion to seize control of parliamentary time to try to block a no-deal Brexit will be expelled from the party, a spokesman said.
Wednesday, September 4th 2019 - 09:17 UTC
Restructuring Ford's Sao Paulo truck plant means sacking 1.300 workers and lowering salaries of the remaining

Brazilian automaker CAOA reached an initial agreement to buy Ford Motor Co's plant in Sao Bernardo do Campo, the companies said on Tuesday, but CAOA could slash 1,300 jobs, according to the union representing the plant's workers.
Wednesday, September 4th 2019 - 09:10 UTC
Bio-fuel controversy: Trump caught between farmers and the oil industry

The American Petroleum Institute on Tuesday urged the Trump administration to reject proposals floated by U.S. farmers and ethanol producers to boost ethanol demand, the latest development in the clash over bio-fuel policy.
Wednesday, September 4th 2019 - 08:56 UTC
PM Johnson defeated; parliament now has to decide what's more urgent a vote on Brexit or a snap election

Prime Minister Boris Johnson raised the prospect of a snap election on Tuesday after he suffered a major parliamentary defeat over his Brexit strategy that could delay Britain's exit from the European Union.
Wednesday, September 4th 2019 - 08:40 UTC
US/China trade war further escalates; Trump claims Beijing speculating with next year's presidential election

Amid fresh signs his trade wars are rattling the US economy, President Donald Trump on Tuesday sent stern warnings to China, urging the Pacific power not to drag its feet in trade negotiations.
Wednesday, September 4th 2019 - 07:50 UTC
Qatar unveils the logo for the 2022 World Cup; emblem displayed in several major cities

Qatar unveiled the logo for the 2022 World Cup which will be hosted by the Gulf emirate by displaying it in public spaces in Doha and cities around the world on Tuesday.
Wednesday, September 4th 2019 - 07:31 UTC
Singer Ariana Grande suing Forever 21 for US$ 10 million

Popular singer Ariana Grande has sued Forever 21 for US$10 million, accusing the fashion retailer and a beauty company started by its billionaire founders' daughters of piggybacking off her fame and influence to sell their wares.